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Another example of "I told you so"...
Medical costs for enrollees in the health-care law’s high-risk insurance pools are expected to more than double initial predictions, the Obama administration said Thursday in a report on the new program.
Those who have enrolled in the program are projected to have significantly higher medical costs than the government initially expected. Each participant is expected to average $28,994 in medical costs in 2012, according to the report, more than double what government-contracted actuaries predicted in November 2010. Then, the analysts expected that the program would cost $13,026 per enrollee.
Remember this? One of the hallmarks of Obamacare was that it would bring "major reductions" in medical care cost. A huge part of that projection was the $13,000 "estimate" for these high-risk patients.
Well, guess what -- it's more than double the estimate.
Simple: The Government lied.
They lied to get the law passed. They did not put up their "actuarial estimates" where anyone could see them, the methodology was not published, the data was not published, and none of it was part of the debate.
And now we find out that it was so far off that it could not have been a mistake -- it was an intentional fraud upon the public, shoved down our throats by Obama and Pelosi.
Here's the truth folks -- if one percent of the population is "high risk", that's 3 million people. If the cost per person is $30,000 a year then we're talking about $90 billion a year.
And that's if it's just one percent of the population.
Remember, the original design was for people who (1) were employed, (2) therefore could pay, but (3) had been turned down. When you look at the total panoply of uninsured, about 16% of the population, the odds are that we have at least one percent of the people in this category.
Simply put this is one trillion dollars over ten years, basically.
Which we do not have.
Which we cannot raise.
Which, incidentally, is almost one quarter of all Medicaid spending in 2010.
That's right -- a 25% increase for 1% of the population.
Originally posted by SankeySugar
" According to the Center for Defense Information, the estimated cost of the wars in Iraq and Afghanistan will reach $1.29 trillion by the end of fiscal year 2011"
Where oh where can we possibly find the money to help our own people through the worst times in their lives.
Obama is going to destroy the military to partially fund Obamacare... Just a drop in the bucket. The rest will come from you and me.